Date of Original Version

7-1967

Type

Article

Rights Management

http://www.econometricsociety.org/abstract.asp?ref=0012-9682&vid=35&iid=3&aid=0012-9682%28196707%2F10%2935%3A3%2F4%26lt%3B419%3AEORTSA%26gt%3B2.0.CO%3B2-J

Abstract or Table of Contents

This paper concerns itself with the following problem: Suppose the true production function is of the CES type with constant returns to scale. If we fit an unrestricted Cobb-Douglas production function instead, what is the nature of the bias in the estimate of the returns to scale parameter?

Comments

Econometrica, Vol. 35, No. 3-4 (July-October, 1967)

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